Wednesday, May 20, 2015

America's biggest ranch goes on sale for $725 million

  • The Waggoner Ranch is the largest contiguous ranch in the United States spanning six counties in Northern Texas
  • Listing marks end of decades-long court battle among heirs of cattle baron W.T. Waggoner who founded it in 1923
  • The estate includes the 510,000-acre ranch with two main compounds, hundreds of homes and 20 cowboy camps
  • Also included are hundreds of quarter-horses, thousands of cattle, 1,200 oil wells and 30,000 acres of cultivated land
  • It reportedly falls within 'super asset class', akin to selling the 'Statue of Liberty' of cowboy culture, it has been said

The biggest ranch in America that stretches over 510,000 continuous acres - that's 796 square miles, making it a plot of land bigger than the island of Oahu - has gone on sale for $725million. Realtors are hoping the Waggoner ranch in north Texas will become the most expensive estate in the world - after slapping the huge price tag on it in the hopes of attracting a Silicon Valley entrepreneur or oil tycoon. Cattle baron Dan Waggoner established the estate in 1849 - and it has operated with its backwards 'D' logo ever since.  The estate includes the 510,000-acre ranch spread over six North Texas counties, with two main compounds, hundreds of homes, about 20 cowboy camps, hundreds of quarter-horses, thousands of heads of cattle, and 30,000 acres of cultivated land, according to Dallas-based broker Bernie Uechtritz, who is handling the sale along with broker Sam Middleton of Lubbock. Oil was discovered on the property in 1902 and there are now more than a thousand wells spread across the property. More than 750 cowboys work the land, and are accommodated in 20 camps when they are out on the range. The ranch, which is spread over more than 800 square miles, has 7,500 cows and 500 quarter horses...more

Below are two videos, the first is a two minute look around the ranch by the broker and the second is an eight minute, AQHA video of the ranch's horse operation.

https://youtu.be/b71LTaedrwA


https://youtu.be/WDSJZgcT9C4

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